Summary: S.2738 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for S.2738. Bill summaries are authored by CRS.

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Introduced in Senate (10/30/2019)

Providing Real Opportunities for Growth to Rising Entrepreneurs for Sustained Success (PROGRESS) Act

This bill provides for a new angel investor tax credit to promote investment in start-up businesses and a first employee tax credit equal to 25% of employee wages, up to $10,000 in a taxable year. An employer may elect to apply the amount of the first employee tax credit to payroll tax liability.